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Economic Ideas

Much more than money, economics is about tradeoffs. Thinking economically involves cost and benefit, marginal analysis and seeing that there is no free lunch. Econlife tries to convey these economic ideas, which serve as the foundation of economics and help people make decisions personally, professionally and as voters.

Challenging the GDP

Articles describing Dr. Stiglitz’s conclusions about the weaknesses of the GDP omit one key piece of information. Can an equally objective statistic replace it? When Simon Kuznets developed the …

That $17,000.00 Flight

The September 26th Daily Notes link is an article in the National Journal Magazine by Jonathan Rauch that describes what it would be like to book a flight if traveling resembled health care. Yes, just…

A Government Scale

Should government care how much we weigh? Having just read Jacob Weisberg’s article on Bloomberg paternalism, I wonder whether our position on healthcare reform, on financial regulation, and oth…

Facebook

This week, facebook changed its look…for the better. The site continues to beat out myspace, in my opinion. The new features make it sleeker and easier to find connections within your network an…

Amazed

J. Crew looks so good. Lately, I can’t keep myself away from the store. The spotless displays, bright colors, and european feel draw me in every single time. Between the dresses that are irresis…

Island Economy

I’m sitting on the beach and looking to the left I see MASSIVE ships sailing up to the beach. Honestly, it hasn’t hit me until now that islands and other destinations survive because of to…

Girl Scout Cookies

Have you ever realized the craze that girl scout cookies have caused? Whenever I hear those three words I jump at the chance to order them. Money really is no object. I end up with enough boxes to las…

Change in South Africa?

Last night the Oprah special on the Leadership Institute for Girls was on TV. I only saw the last 20 minutes, but I was amazed at the project she put together. These girls were so excited to go to sch…